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Full-Text Articles in Law
The Ecology Of Corporate Governance In China, Donald C. Clarke
The Ecology Of Corporate Governance In China, Donald C. Clarke
GW Law Faculty Publications & Other Works
The substantive norms of Chinese corporate governance have been studied extensively inside and outside China. Yet much less attention has been paid to the Chinese institutional environment that determines whether and how far those norms will be made meaningful. While complaints about general lack of enforcement are common, less common are analyzes that concretely tie institutional capacity to specific enforcement problems. This article aims to fill that gap. It surveys a number of state and non-state channels for the enforcement of corporate governance rules and standards in China, from markets to regulatory bodies, looking at the specific capacities of each. …
Book Review Of Gatekeepers: The Professions And Corporate Governance By John C. Coffee, Jr., Lawrence A. Cunningham
Book Review Of Gatekeepers: The Professions And Corporate Governance By John C. Coffee, Jr., Lawrence A. Cunningham
GW Law Faculty Publications & Other Works
This is a short review of Gatekeepers by John C. Coffee, Jr.
Shareholder Democracy On Trial: International Perspective On The Effectiveness Of Increased Shareholder Power, Lisa M. Fairfax
Shareholder Democracy On Trial: International Perspective On The Effectiveness Of Increased Shareholder Power, Lisa M. Fairfax
GW Law Faculty Publications & Other Works
Shareholder democracy - efforts to increase shareholder power within the corporation - appears to have come of age, both within the United States and abroad. In the past few years, U.S. shareholders have worked to strengthen their voice within the corporation by seeking to remove perceived impediments to their voting authority. These impediments include classified boards, the plurality standard for board elections, and the inability to nominate directors on the corporation's ballot. Shareholders' efforts have also extended to seeking a voice on the compensation of corporate officers and directors. Advocates of shareholder democracy believe that such efforts are critical to …
Making The Corporation Safe For Shareholder Democracy, Lisa M. Fairfax
Making The Corporation Safe For Shareholder Democracy, Lisa M. Fairfax
GW Law Faculty Publications & Other Works
This article considers the effect that increased shareholder activism may have on non-shareholder corporate stakeholders such as employees and consumers. One of the most outspoken proponents of increased shareholder power has argued that such increased power could have negative repercussions for other corporate stakeholders because it would force directors to focus on profits without regard to other interests. This article critically examines that argument. The article acknowledges that increased shareholder power may benefit some stakeholders more than others, and may have some negative consequences. However, this article demonstrates that shareholders not only have interests that align with other stakeholders, but …